Pandemic Shocks and Household Spending

Pandemic Shocks and Household Spending

We study the response of daily household spending to the unexpected component of the COVID-19 pandemic, which we label as pandemic shock. Based on daily forecasts of the number of fatalities, we construct the surprise component as the difference between the actual and the expected number of deaths....

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Bibliographic Details
Published in:MAGKS - Joint Discussion Paper Series in Economics (Band 36-2020)
Main Authors: Finck, David, Tillmann, Peter
Format: Article
Language:English
Published: Philipps-Universität Marburg 2020
Subjects:
consumption
COVID-19
smooth-transition model, state-dependence
pandemic
Wirtschaft
Economics
Online Access:PDF Full Text
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MAGKS - Joint Discussion Paper Series in Economics

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